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Yeah, because this totally doesn't go against everything cryptocurrencies are (supposed to be) for. If anything, this is a long-term positive sign, I think. I
by madamelic 9y ago
Yeah, because this totally doesn't go against everything cryptocurrencies are (supposed to be) for. If anything, this is a long-term positive sign, I think.
I predict this won't work.
- deleted 9y ago[deleted]
- tryingagainbro 9y agoDepends how badly China wants this stopped. I have a feeling that China is quite a few times worse than IRS--when they want to. Never underestimate what they can do, when they want to.
- deleted 9y ago[deleted]
- StavrosK 9y agoIf there's no way to buy cryptocurrencies, what are you going to do? Unless cryptocurrency starts being widely accepted, it'll be easy for governments to ban it and hard for people to acquire it.
- bsder 9y agoIt would only fail if there was some inherent flaw in the local currency. And, if that were the case, you would likely have a robust alternative economy denominated in dollars. The Yuan has none of the problems that would allow an alternative currency to really get going. I suspect Chinese bitcoin usage is mostly a bunch mid-level party bureaucrats attempting to transfer wealth outside China so that they can buy tangible assets that can't be seized.